GBPUSD July 9, 2018 Weekly Analysis

Monday, 09/07/2018 | 09:20 GMT

Disclaimer

The Cable climbed upon the British Brexit Minister and Chief Negotiator David resignation in place. This outcome increases the chance that Great Britain might remain in the custom union within the EU thus likely limiting the real economic effects of the Brexit (PM May supports a soft Brexit). Major support is found at the 1.3230, 20 days moving average, and resistance at the 1.3402, 55 days moving average.

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Source: https://www.exclusivecapital.com/gbpusd-july-9-2018-weekly-analysis/

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